Lowe London's Lace Exits After Probe

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NEW YORK Suspended Lowe London CEO Garry Lace is leaving the shop, three months after his superiors launched a probe into allegations that last year he met more than once with ex-agency chairman Frank Lowe to discuss the Tesco creative account then at Lowe.

The investigation lasted longer than expected. In early March, when the agency suspended Lace, it said it would resolve “certain matters that have come to the company’s attention” by the end of that month.

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